Trump waives broad new Russia sanctions and tariffs under Graham Act, citing national interest

Published Sat, Oct 17 2026

Azhar Sukri

Key Points

• Trump invoked the Graham Act’s national-interest waiver to suspend new duties on Russian goods and major Russian energy buyers, along with other sanctions and restrictions.
• The waiver came two days before the law’s implementation deadline and follows a separate temporary easing of sanctions on Russian diesel exports.
• The moves have drawn praise from a Russian envoy and criticism from Democrats.

President Donald Trump signed an executive order late Friday waiving parts of a recently enacted package of sanctions aimed at curbing Russia’s ability to prosecute its war against Ukraine.

“I have submitted to the Congress a certification that the issuance of such a waiver is in the national interests of the United States,” Trump wrote in Friday’s order.

The House passed the Russia sanctions bill on Sept. 16, and Trump signed it into law two days later. The bill was introduced over a year ago, and its primary backer was the late Lindsey Graham, a veteran Republican senator who represented South Carolina.

Titled the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, the legislation targeted Russia’s economy, intending to penalize the country over its continued full-scale invasion of Ukraine.

The act required the president to increase duties on all Russian goods imported into the U.S. by up to 500% no later than 30 days after enactment. It also required Trump to impose tariffs of up to 100% on countries including China and India that are among the top five purchasers of Russian crude oil or gas.

Trump’s latest order waives these two parts of the Graham Act and comes two days before the law’s implementation deadline. However, the order preserves existing sanctions on Russia under earlier executive orders.

The law could also sanction Russian leaders, officials, and financial institutions, and expand sanctions on Iran.

Oil sales revenue is critical to funding Russia’s war effort.

The move also comes a week after the Trump administration temporarily waived sanctions on Russian diesel exports through April 2027 to ease a supply crunch caused by the war in Iran.

High fuel prices are a sensitive issue for voters ahead of midterm elections on Nov. 3. Trump’s Republican Party holds a narrow majority in both chambers of Congress.

A ‘historic moment’

“The suspension of some of the provisions of the Graham Act marks an important and truly historic moment,” Kirill Dmitriev, Russian President Vladimir Putin’s economy envoy, said in a post on X.

“The U.S.-Russia economic dialogue and peacemaking efforts will continue,” Dmitriev added.

https://www.cnbc.com/2026/10/17/trump-waives-russia-related-sanctions-tariffs-before-they-take-effect-.html